| Schedule of Repurchase Price Reduction |
The
Fourth Amendment also granted the Company the ability to repurchase the principal amount and accrued and unpaid interest of the Baker
Notes for up to a five-year period for the one-time Repurchase Price designated below:
Schedule of Repurchase Price Reduction
| Date
of Notes’ Repurchase |
|
Repurchase
Price |
| On
or prior to September 8, 2024 |
|
$14,000,000
(less Applicable Reductions) |
| September
9, 2024-September 8, 2025 |
|
$16,750,000
(less Applicable Reductions) |
| September
9, 2025-September 8, 2026 |
|
$19,500,000
(less Applicable Reductions) |
| September
9, 2026-September 8, 2027 |
|
$22,250,000
(less Applicable Reductions) |
| September
9, 2027-September 8, 2028 |
|
$25,000,000
(less Applicable Reductions) |
|
| Schedule of SSNs and Warrants |
Summary
of Aditxt Notes, Exchanged SSNs and Warrants at Issuance (December 2022 to September 2023 and April to June 2025):
Schedule of SSNs and Warrants
| | |
Principal At | | |
Net Proceeds Before | | |
| | |
| | |
| |
|
| Notes | |
Issuance
(in Thousands) | | |
Issuance
costs (in
Thousands) | | |
Common
Warrants | | |
Preferred
Shares | | |
Original Maturity Date | |
Current Maturity Date |
| December 2022 Notes(4) | |
$ | 2,308 | | |
$ | 1,500 | | |
| 369,230 | | |
| 70 - Series D | | |
12/21/2025 | (4) |
12/1/2026 |
| February 2023 Notes(1)(4) | |
| 1,385 | | |
| 900 | | |
| 653,538 | | |
| - | | |
2/17/2026 | (4) |
12/1/2026 |
| March 2023 Notes(4) | |
| 600 | | |
| 390 | | |
| 240,000 | | |
| - | | |
3/17/2026 | (4) |
12/1/2026 |
| March 2023 Notes(2)(4) | |
| 538 | | |
| 350 | | |
| 258,584 | | |
| - | | |
3/20/2026 | (4) |
12/1/2026 |
| April 2023 Notes(4) | |
| 769 | | |
| 500 | | |
| 615,384 | | |
| - | | |
3/6/2026 | (4) |
12/1/2026 |
| July 2023 Notes(4) | |
| 1,500 | | |
| 975 | | |
| 1,200,000 | | |
| - | | |
3/6/2026 | (4) |
12/1/2026 |
| August 2023 Notes(4) | |
| 1,000 | | |
| 650 | | |
| 799,999 | | |
| - | | |
8/4/2026 | (4) |
12/1/2026 |
| September 2023 Notes(3)(4) | |
| 2,885 | | |
| 1,875 | | |
| 26,997,041 | | |
| - | | |
9/26/2026 | (4) |
12/1/2026 |
| Aditxt April Note | |
| 2,308 | | |
| 1,500 | | |
| 149,850,150 | | |
| - | | |
4/8/2028 | |
4/8/2028 |
| Aditxt June Note | |
| 1,423 | | |
| 925 | | |
| 92,407,592 | | |
| - | | |
6/26/2028 | |
6/26/2028 |
| Total Offerings | |
$ | 14,716 | | |
$ | 9,565 | | |
| 273,391,518 | | |
| | | |
| |
|
| (1) |
Warrants
include 99,692 issued to the placement agent. |
| (2) |
Warrants
include 43,200 issued to the placement agent. |
| (3) |
Warrants
include 22,189,349 common warrants at $0.13 per share at issuance and 4,807,692 pre-funded warrants exercisable at $0.001 per share. |
| (4) |
As
described above, for accounting purposes, the Company accounted for the Exchanged SSNs as a modification of the Original SSNs rather
than as an extinguishment which would require derecognizing the fair value of Original SSNs and related accumulated other
comprehensive loss and replacing them with the fair value of the Exchanged SSNs. The maturity date under the Exchanged SSNs is
December 1, 2026. |
|